XML 73 R63.htm IDEA: XBRL DOCUMENT v3.22.1
Financing Arrangements and Derivative Financial Instruments - Credit Facilities Narrative (Details)
€ in Millions, $ in Millions
3 Months Ended 12 Months Ended
Jun. 07, 2021
Mar. 27, 2019
EUR (€)
Mar. 31, 2022
USD ($)
Dec. 31, 2021
USD ($)
Oct. 19, 2022
EUR (€)
Mar. 31, 2022
EUR (€)
Dec. 31, 2021
EUR (€)
Line Of Credit Facility [Line Items]              
Notes payable and overdrafts     $ 570 $ 406      
Long term debt and finance leases due within one year     350 343      
Credit arrangements, unused amount     3,374        
Debt instrument carrying amount     7,609 6,791      
All-Borrower Tranche | Foreign Line of Credit              
Line Of Credit Facility [Line Items]              
Debt instrument carrying amount     102     € 92  
Accounts Receivable Factoring Facilities | Secured Debt              
Line Of Credit Facility [Line Items]              
Off-balance sheet accounts receivable securitization     537 605      
Chinese credit facilities | Foreign Line of Credit              
Line Of Credit Facility [Line Items]              
Notes payable and overdrafts     47 37      
Long term debt and finance leases due within one year     185 124      
Chinese credit facilities | Secured Debt              
Line Of Credit Facility [Line Items]              
Line of credit facility, maximum borrowing capacity     916 958      
Line of credit facility, amount outstanding     407 365      
Credit arrangements, unused amount     80 81      
Chinese credit facilities | Secured Debt | Cooper Tire [Member]              
Line Of Credit Facility [Line Items]              
Line of credit facility, maximum borrowing capacity     59 75      
Line of credit facility, amount outstanding     9 5      
Line of Credit | Revolving Credit Facility              
Line Of Credit Facility [Line Items]              
Line of credit facility, maximum borrowing capacity     11,611        
Line of Credit | German Tranche              
Line Of Credit Facility [Line Items]              
Debt instrument carrying amount     0        
Line of Credit | First lien revolving credit facility due 2026 | Revolving Credit Facility              
Line Of Credit Facility [Line Items]              
Line of credit facility, maximum borrowing capacity     2,750        
Line of credit facility, additional borrowing capacity which may be requested from lenders     250        
Increase in value of principal trademarks     400        
Line of credit facility, maximum borrowing capacity inputs, increase based on value of cash     275        
Line of credit facility, borrowing base amount below stated amount     321        
Letters of credit, amount outstanding     3 19      
Available cash plus availability under facility     750        
Debt instrument carrying amount     $ 615 0      
Line of Credit | First lien revolving credit facility due 2026 | Revolving Credit Facility | London Interbank Offered Rate (LIBOR)              
Line Of Credit Facility [Line Items]              
Basis spread 125.00%   1.25%        
Line of Credit | First lien revolving credit facility due 2026 | Revolving Credit Facility | London Interbank Offered Rate (LIBOR) | Minimum              
Line Of Credit Facility [Line Items]              
Basis spread on reference rate     1.00%        
Line of Credit | First lien revolving credit facility due 2026 | Revolving Credit Facility | London Interbank Offered Rate (LIBOR) | Maximum              
Line Of Credit Facility [Line Items]              
Basis spread     1.50%        
Line of Credit | First lien revolving credit facility due 2026 | Revolving Credit Facility | Base Rate | Minimum              
Line Of Credit Facility [Line Items]              
Basis spread     0.25%        
Line of Credit | First lien revolving credit facility due 2026 | Revolving Credit Facility | Base Rate | Maximum              
Line Of Credit Facility [Line Items]              
Basis spread     0.50%        
Line of Credit | First lien revolving credit facility due 2026 | Revolving Credit Facility | Overnight Bank Funding Rate              
Line Of Credit Facility [Line Items]              
Basis spread on reference rate     0.50%        
Line of Credit | First lien revolving credit facility due 2026 | Revolving Credit Facility | Commitment Fee Rate              
Line Of Credit Facility [Line Items]              
Annual commitment fee percentage on undrawn amounts     0.25%        
Line of Credit | First lien revolving credit facility due 2026 | Letter of Credit              
Line Of Credit Facility [Line Items]              
Line of credit facility, maximum borrowing capacity     $ 800        
Line of Credit | First lien revolving credit facility due 2026 | Bridge Loan              
Line Of Credit Facility [Line Items]              
Line of credit facility, maximum borrowing capacity     50        
Line of Credit | Pan-European Accounts Receivable Facility              
Line Of Credit Facility [Line Items]              
Debt instrument carrying amount     213 279      
Line of Credit | Pan-European Accounts Receivable Facility | Secured Debt              
Line Of Credit Facility [Line Items]              
Line of credit facility, current borrowing capacity     213 279   192 € 246
Line of Credit | Pan-European Accounts Receivable Facility | Secured Debt | Scenario Forecast              
Line Of Credit Facility [Line Items]              
Line of credit facility, maximum borrowing capacity | €         € 300    
Line of Credit | Pan-European Accounts Receivable Facility | Secured Debt | Minimum              
Line Of Credit Facility [Line Items]              
Line of credit facility, maximum borrowing capacity | €           30  
Line of Credit | Pan-European Accounts Receivable Facility | Secured Debt | Maximum              
Line Of Credit Facility [Line Items]              
Line of credit facility, maximum borrowing capacity | €           € 450  
Line of Credit | European Revolving Credit Facility [Member] | Revolving Credit Facility              
Line Of Credit Facility [Line Items]              
Line of credit facility, maximum borrowing capacity | €   € 800          
Annual commitment fee percentage on undrawn amounts   25.00%          
Debt instrument carrying amount     0 0      
Line of Credit | European Revolving Credit Facility [Member] | Revolving Credit Facility | London Interbank Offered Rate (LIBOR)              
Line Of Credit Facility [Line Items]              
Basis spread   150.00%          
Line of Credit | European Revolving Credit Facility [Member] | Revolving Credit Facility | Sterling Overnight Interbank Average Rate (SONIA)              
Line Of Credit Facility [Line Items]              
Basis spread   150.00%          
Line of Credit | European Revolving Credit Facility [Member] | Revolving Credit Facility | European Interbank Offer Rate (Euribor)              
Line Of Credit Facility [Line Items]              
Basis spread   150.00%          
Line of Credit | European Revolving Credit Facility [Member] | Letter of Credit              
Line Of Credit Facility [Line Items]              
Line of credit facility, maximum borrowing capacity | €   € 75          
Line of Credit | European Revolving Credit Facility [Member] | Bridge Loan              
Line Of Credit Facility [Line Items]              
Line of credit facility, maximum borrowing capacity | €   175          
Line of Credit | European Revolving Credit Facility [Member] | German Tranche              
Line Of Credit Facility [Line Items]              
Line of credit facility, maximum borrowing capacity | €   180          
Line of Credit | European Revolving Credit Facility [Member] | All-Borrower Tranche              
Line Of Credit Facility [Line Items]              
Line of credit facility, maximum borrowing capacity | €   € 620          
Line of Credit | Mexican Credit Facilities              
Line Of Credit Facility [Line Items]              
Line of credit facility, current borrowing capacity     200 200      
Amount utilized under facility     200 158      
Line of Credit | Mexican Credit Facilities | Foreign Line of Credit              
Line Of Credit Facility [Line Items]              
Debt instrument carrying amount     200 158      
Line of Credit | Chinese credit facilities | Foreign Line of Credit              
Line Of Credit Facility [Line Items]              
Long-term debt, before deferred financing fees     369 333      
Notes payable and overdrafts     38 32      
Long term debt and finance leases due within one year     185 124      
Debt instrument carrying amount     $ 369 $ 333